Ethereum Drops 5.88% 24 Hours, Still Cheap Zone

Ethereum (ETH) is currently trading around the $2,480 mark. The Rainbow Chart, a tool that tracks Ethereum’s historical price performance using a logarithmic regression curve, projects a wide price range for the cryptocurrency by the end of June 2025. The chart is divided into nine color-coded zones, each representing different levels of market sentiment, from significant undervaluation to intense overvaluation.

The Rainbow Chart predicts that by June 30, 2025, the price of Ethereum could range from $862 to $20,117. The lowest zone, labeled “Fire Sale,” indicates a price between $862.75 and $1,169, signaling deep undervaluation and rare buying opportunities. The next zone, “BUY!”, ranges from $1,169.49 to $1,617.27, also seen as an attractive entry point. The “Accumulate” level, from $1,617 to $2,274, suggests a moderately bullish outlook. The “Still Cheap” zone, from $2,274 to $3,239, where Ethereum is currently trading, indicates that the cryptocurrency is below fair value but rising in appeal.

The “HODL!” band, ranging from $3,239 to $4,668, reflects neutral-to-positive sentiment. Above this is the “Is this a bubble?” zone, from $4,668.12 to $6,780.45, where price momentum begins to spark market caution. The “FOMO Intensifies” range, from $6,780.45 to $9,865.96, signals growing speculative fervor. If the price continues to rise, it will enter the “Sell. Seriously, SELL!” zone, from $9,865 to $14,109, suggesting peak market heat. The uppermost zone, “Maximum Bubble Territory,” ranging from $14,109 to $20,116.86, suggests extreme overvaluation.

At the time of reporting, Ethereum is trading at $2,478, marking a -5.88% dip in the past 24 hours. This places it in the middle of the “Still Cheap” zone, implying it is trading below fair value and likely to rise in appeal soon. Upcoming upgrades like Fusaka and Glamsterdam could boost Ethereum’s throughput and bullish long-term prospects. However, rising leverage could also increase volatility risk. Further bearish signals include a Moving Average Convergence/Divergence (MACD) histogram of -40 and a Relative Strength Index (RSI) of 46.72, which suggest consolidation.

In summary, the Ethereum Rainbow Chart provides a broad range of potential prices for Ethereum by the end of June 2025, from a low of $862 to a high of $20,117. The current price of Ethereum places it in the “Still Cheap” zone, suggesting it is undervalued and has room for growth. However, market sentiment and upcoming upgrades could influence its price trajectory. Analysts and investors should consider these factors when making decisions about Ethereum.